Equifax Inc. released its November 2025 U.S. National Consumer Credit Trends Report, indicating total U.S. consumer debt reached $18.10 trillion, a 2.9% increase from November 2024. Mortgage debt, including home equity loans, accounted for $13.39 trillion, making up 74% of total consumer debt. Non-mortgage consumer debt totaled $4.72 trillion, with 35.8% attributable to auto loans and leases, 28.5% to student loans, 21.5% to credit card balances, and 14.2% to other products. Outstanding balances on auto loans and leases grew by 1.2% year-over-year to $1.687 trillion, while the number of outstanding accounts decreased slightly by 0.5% to 87.0 million. The severe balance delinquency rate (60+ days past due) for auto loans and leases was 1.52%, three basis points lower than the previous year. Outstanding balances on U.S. bankcards increased 3.8% year-over-year to $1.09 trillion, with the number of outstanding accounts rising 4.2% to 589.1 million. The severe balance delinquency rate for bankcards declined from 3.22% to 3.03%. Average bankcard utilization in November 2025 was 20.7%, compared to 21.2% in November 2024.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Equifax Inc. published the original content used to generate this news brief on January 13, 2026, and is solely responsible for the information contained therein.
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